United Kingdom
Revenio invests in €39.2m round for Fly Now Pay Later
Fly Now Pay Later allows users to pay for travel plans in instalments of up to a year
BCAP invests in Orka
This is BCAP Launchpad's second investment, following the firm's investment in Scotty Technologies
Palatine appoints new partner to Impact Fund team
Palatine held a final close for its debut impact fund on ТЃ100m in September 2017
Maven invests £1m in Boiler Plan
Founded in 2014, Boiler Plan provides an online platform for the purchase of a new boiler
WGAM buys minority stake in Validus
Validus is a financial risk management firm with offices in the UK in London and Eton
Highland Europe leads £18.9m round for Modulr
Existing investors including Frog Capital and Blenheim Chalcot also participate
BDC IV holds first close
To date, the Teachers' Retirement System of Louisiana has invested ТЃ50m in BDC IV
Inflexion-backed Global Reach acquires Encore FX's Canada operation
On 30 March 2020 Encore FX filed an assignment in bankruptcy in Canada with EY as the trustee
Merian Chrysalis leads £30m in Featurespace
Following completion, IP Group will hold a direct undiluted beneficial stake of 19.7%
3i posts 6% gross return for PE, down from 20% for FY 2019
3i made three new investments in the financial year for a total of ТЃ413m and completed 13 bolt-ons
Piper promotes McAlpine to investment manager
McAlpine has previously worked at strategy consultancy Parthenon-EY and at Oakley as an analyst
SCP acquires Bain Credit-backed TM Lewin
SCP acquires the business as a going concern, taking over the entire store network
UK CFOs anticipate 1-2 year's slip in exit timetables - survey
Of the 144 CFOs surveyed by Unquoted Advisory, 52% say investors have been "very supportive"
Axa Venture-backed Cognism acquires Mailtastic
In March 2020, Cognism raised $12m in a funding round led by Axa Venture Partners
Ambienta's Nactarome buys Create Flavours
Nactarome expects to expand the group's presence to the UK market and enlarge its product offering
IK hires Aoun as head of capital markets
Aoun joins IK from KKR, where he was a principal focusing on private credit and capital markets
Cambridge Associates hires Gunnee
Gunee joins from Mercer, where he was a partner and head of fiduciary management
Eight Roads-backed Picsolve enters administration
Deloitte has been appointed to find a buyer for the whole company or for a part of it
ING Ventures leads £4m bridge funding for Countingup
Triple Point, CVentures and Big Start Ventures also co-invest in the funding round
Towerbrook to inject €100m in BC-backed CarTrawler in debt-for-equity swap
CarTrawler has тЌ120m of its TLB and тЌ25m of revolving credit facility debt outstanding
DC Advisory promotes five in UK and Germany teams
Promotions are across the infrastructure, debt, Asia access, and consumer, leisure and retail teams
BGF releases 2019 results, reports operating profit of £133m
BGF invested more than ТЃ200m in 45 new companies and provided a further ТЃ144m in follow-on funding
EQT Ventures leads $12m series-A for Peanut
Since the outbreak of Covid-19, engagement on London-based Peanut has increased by 30%
Andera hires Argos Wityu's Jay
Andera is currently deploying a series of funds, including BioDiscovery V and Winch Capital 4